December 23, 2019 Korea Morning Focus No English report summaries this morning Major Indices Close Chg Chg (%) KOSPI 2,204.18 7.62 0.35 KOSPI 200 295.31 1.00 0.34 KOSDAQ 649.73 1.88 0.29 Turnover ('000 shares, Wbn) Volume Value KOSPI 637,639 5,021 KOSPI 200 75,360 3,446 KOSDAQ 929,806 4,198 Market Cap (Wbn) Value KOSPI 1,481,267 KOSDAQ 234,817 KOSPI Turnover (Wbn) Buy Sell Net Foreign 2,004 1,848 156 Institutional 986 847 139 Retail 1,961 2,283 -322 KOSDAQ Turnover (Wbn) Buy Sell Net Foreign 518 418 100 Institutional 172 164 8 Retail 3,484 3,568 -84 Program Buy / Sell (Wbn) Buy Sell Net KOSPI 1,813 1,611 203 KOSDAQ 485 406 79 Advances & Declines Advances Declines Unchanged KOSPI 437 366 105 KOSDAQ 609 601 134 KOSPI Top 5 Most Active Stocks by Value (Wbn) Price (W) Chg (W) Value Samsung Electronics 56,000 0 676 Hynix 95,000 1,400 263 KODEX Leverage 14,145 65 183 Jooyon 804 31 161 KODEX Kosdaq150 8,005 85 150 Leverage KOSDAQ Top 5 Most Active Stocks by Value (Wbn) Price (W) Chg (W) Value HLB 102,200 3,300 205 Energy Solutions 25,850 2,750 170 BRIDGE 54,300 -8,100 140 BIOTHERAPEUTICS SyntekaBio 15,100 650 113 ESA 2,060 -635 103 Note: As of December 20, 2019 This document is a summary of a report prepared by Mirae Asset Daewoo Co., Ltd. (“Mirae Asset Daewoo”) and published on our website. Please review the compliance notices contained in the original report. Information and opinions contained herein have been compiled in good faith from sources deemed to be reliable. However, the information has not been independently verified. Mirae Asset Daewoo makes no guarantee, representation or warranty, express or implied, as to the fairness, accuracy or completeness of the information and opinions contained in this document. Mirae Asset Daewoo accepts no responsibility or liability whatsoever for any loss arising from the use of this document or its contents or otherwise arising in connection therewith. Information and opinions contained herein are subject to change without notice. This document is for informational purposes only. It is not and should not be construed as an offer or solicitation of an offer to purchase or sell any securities or other financial instruments. This document may not be reproduced, further distributed or published in whole or in part for any purpose. Mirae Asset Daewoo Research Key Universe Valuations December 23, 2019 ※All data as of close December 19, 2019, unless otherwise noted. 19F Earnings growth Mkt Cap Price P/E (x) P/B (x) ROE (%) Ticker Company Div Yield OP EPS (Wbn) (W) (%) 19F 20F 19F 20F 19F 20F 19F 20F 19F 20F 005930 Samsung Electronics 334,308 56,000 2.5 -54.3 40.3 -47.7 35.9 17.8 13.1 1.5 1.4 8.6 10.8 000660 SK Hynix 69,160 95,000 1.6 -85.8 150.5 -85.5 140.0 30.6 12.8 1.4 1.3 4.7 10.7 035420 NAVER 30,243 183,500 0.2 -17.8 77.0 -47.3 132.4 88.5 38.1 4.4 4.0 6.3 13.4 005380 Hyundai Motor 26,495 124,000 3.2 49.6 41.9 118.5 48.0 10.6 7.2 0.5 0.5 4.7 6.6 012330 Hyundai Mobis 24,970 262,000 1.9 17.9 16.4 24.3 17.1 10.9 9.3 0.8 0.7 7.3 7.9 068270 Celltrion 23,357 182,000 - - - - 0.0 0.0 051910 LG Chem 22,201 314,500 1.3 -55.7 70.9 -72.5 164.0 60.8 23.0 1.4 1.3 2.4 6.1 055550 Shinhan Financial Group 21,505 45,350 12.3 3.9 10.0 -0.2 6.2 6.2 0.5 0.5 9.1 8.4 005490 POSCO 21,448 246,000 4.5 -23.9 -9.2 37.8 -0.3 9.2 9.2 0.5 0.4 5.3 5.1 028260 Samsung C&T 20,581 108,500 1.8 -27.7 39.8 -42.8 17.9 21.2 18.0 0.7 0.6 4.0 3.9 105560 KB Financial Group 20,508 49,050 9.3 2.3 12.6 0.9 5.9 5.9 0.5 0.5 9.2 8.5 051900 LG H&H 19,882 1,273,000 0.8 12.8 9.7 16.5 10.7 25.0 22.6 5.4 4.6 20.3 19.1 017670 SK Telecom 19,662 243,500 4.1 7.3 -3.5 -60.6 68.2 16.0 9.5 0.8 0.7 5.4 8.8 034730 SK Holdings 18,188 258,500 1.9 -2.8 21.5 -36.6 11.0 12.8 11.6 1.0 0.9 8.2 8.3 000270 Kia Motors 18,120 44,700 2.0 70.4 29.1 79.8 24.5 8.7 7.0 0.6 0.6 7.4 8.5 015760 KEPCO 17,975 28,000 - - - - - 146.6 0.3 0.3 - 0.2 006400 Samsung SDI 15,713 228,500 0.4 -33.0 108.9 -38.3 99.8 37.2 18.6 1.2 1.2 3.5 6.7 018260 Samsung SDS 15,243 197,000 1.3 10.4 12.3 10.3 11.8 22.0 19.6 2.3 2.1 11.1 11.3 032830 Samsung Life 15,240 76,200 - - - - 0.0 0.0 096770 SK Innovation 14,193 153,500 4.2 -42.8 18.2 -68.7 92.4 27.8 14.5 0.7 0.7 2.8 5.4 033780 KT&G 13,304 96,900 4.3 12.8 5.6 17.5 5.1 12.6 11.9 1.5 1.4 12.7 12.6 035720 Kakao 12,932 150,000 0.1 184.6 138.3 226.0 114.7 75.1 35.0 2.4 2.3 3.2 6.7 003550 LG Corp. 12,838 74,400 3.4 -28.0 45.0 -18.4 16.8 8.6 7.4 0.7 0.6 8.1 8.9 000810 Samsung F&M 11,962 252,500 - - - - 0.0 0.0 066570 LG Electronics 11,864 72,500 1.0 -4.2 15.6 -39.2 107.1 17.4 8.4 0.9 0.8 5.1 9.9 036570 NCsoft 11,833 539,000 1.1 6.0 76.9 33.5 52.9 21.2 13.9 3.7 3.0 21.6 27.0 090430 AmorePacific 11,779 201,500 0.5 -15.7 30.9 -9.8 31.4 39.3 29.9 3.0 2.8 6.6 8.1 086790 Hana Financial Group 11,574 38,550 4.6 2.7 14.8 -6.2 4.5 4.8 0.4 0.4 9.2 8.1 010950 S-Oil 10,943 97,200 0.3 -13.3 197.8 -54.2 948.9 96.0 9.1 1.7 1.5 1.8 17.3 009150 Samsung Electro-Mechanics 8,926 119,500 0.9 -32.8 17.4 -5.4 -2.9 14.9 15.4 1.6 1.5 12.1 10.5 009540 KSOE 8,882 125,500 - 88.1 - -39.1 36.2 59.4 0.8 0.8 2.1 1.3 010130 Korea Zinc 8,124 430,500 2.6 12.2 15.7 25.4 9.3 12.3 11.2 1.2 1.1 10.2 10.3 011170 Lotte Chemical 8,038 234,500 4.5 -46.0 12.7 -54.7 32.3 11.2 8.5 0.6 0.6 5.5 6.9 091990 Celltrion Healthcare 7,729 53,700 - 144.5 435.7 165.0 126.1 47.6 4.3 4.1 3.7 9.3 251270 Netmarble 7,648 89,200 1.8 57.7 14.5 36.9 35.0 25.6 1.6 1.5 4.9 6.3 030200 KT 7,128 27,300 4.0 -2.4 -1.1 -7.8 21.0 11.2 9.3 0.5 0.5 4.7 5.5 024110 Industrial Bank of Korea 7,099 12,300 0.6 -0.8 -1.0 -2.3 4.7 4.8 0.4 0.3 8.0 7.3 032640 LG Uplus 6,353 14,550 4.5 -11.8 10.9 -16.7 15.0 15.8 13.8 0.9 0.9 5.8 6.4 018880 Hanon Systems 6,059 11,350 - - - - 0.0 0.0 034220 LG Display 5,797 16,200 - - - - - - 0.5 0.5 - - Hyundai Heavy Industries 267250 5,790 355,500 5.2 -1.6 92.1 74.3 199.2 12.4 4.1 0.7 0.6 6.0 16.5 Holdings 086280 Hyundai Glovis 5,550 148,000 2.2 22.7 2.0 3.3 34.0 12.3 9.2 1.2 1.1 10.1 12.2 000720 Hyundai E&C 4,755 42,700 1.2 12.4 10.9 42.6 -6.7 8.7 9.4 0.7 0.7 8.3 7.3 029780 Samsung Card 4,698 40,550 11.7 -28.6 1.7 6.8 13.4 12.5 0.7 0.6 1.5 1.6 010140 Samsung Heavy Industries 4,492 7,130 - - - - - 45.5 0.7 0.7 - 1.7 004020 Hyundai Steel 4,317 32,350 2.3 -45.2 39.1 -75.8 289.4 44.8 11.5 0.2 0.2 0.6 2.1 271560 Orion 4,151 105,000 0.6 14.2 7.7 56.5 9.1 19.0 17.4 2.5 2.2 14.4 13.7 004990 LOTTE Corporation 4,097 39,050 2.0 91.0 11.9 198.2 20.3 7.5 6.2 0.4 0.4 7.5 8.3 071050 Korea Investment Holdings 4,046 72,600 - - - - 0.0 0.0 023530 Lotte Shopping 3,890 137,500 3.8 -2.6 14.7 - 16.9 16.6 14.2 0.3 0.3 2.0 2.3 Source: Mirae Asset Daewoo Research Mirae Asset Daewoo Research Market Data December 23, 2019 ※All data as of close December 20, 2019, unless otherwise noted.